Troy Ave will not be charged with murder in last month's Irving Plaza shooting in New York City, but still faces significant legal obstacles.

TMZ obtained legal documents that show the BSB Records boss was indicted by a grand jury on one count of attempted second degree murder and four counts of criminal possession of a weapon.

As we previously reported, Troy's friend and bodyguard, Ronald McPhatter,lost his life when gunfire erupted backstage at aT.I.concert on May 25. Three others were wounded, including Troy, who suffered a gunshot to the leg.

Troy, real name Roland Collins, is seen on surveillance footage firing a weapon, but NYPD believe both he and McPhatter were shot by someone else prior.

"The video does not show everything nor explain what happened in the VIP room before Troy came running out, as a victim, after he was shot," the rapper's lawyer, Scott Leemon, told TMZ.

Leemon will ask that his client be released on bail during a hearing this week.